C · Glossary
Capital Gains Tax allowance
The annual exempt amount of capital gains you can make tax-free — £3,000 in 2025/26.
The Capital Gains Tax allowance (or annual exempt amount) is the slice of capital gains you can realise tax-free each year. £3,000 in 2025/26 — down from £6,000 in 2023/24 and £12,300 before.
Spouses each have their own allowance. Transferring assets between spouses before sale can effectively double the allowance.
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